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Butch Jones
- Thread starter wayne
- Start date
TeamMainStreet
Well-Known Member
nitro_z17
Well-Known Member
arty:Tony Basilio is discussing it live. https://twitter.com/TonyBasilio/status/ ... 0374434816
TeamMainStreet
Well-Known Member
Brent Hubbs says team meeting at 1, probably a press conference around 5 after the LV game and Brady Hoke will coach the last 2 games.
TeamMainStreet
Well-Known Member
I eat my words as I said it would be business as usual today. Thank goodness I was wrong.
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PillsburyDoughboy
Well-Known Member
#byefelicia
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nitro_z17
Well-Known Member
"No Search Firm For This Hire"....done deal
News just said he gets $200k per month until feb 2021 unless he gets another job and that amount will be deducted from what UT pays him. I doubt he's in a hurry if he's gonna get over $8 mil to do nothing.
nitro_z17
Well-Known Member
Gravey":1zz6ek9c said:
good grief :roll:
Kirk
Well-Known Member
LONG OVERDUE Firing. Maybe the AD Currie will actually hire a quality coach.
Mudbone
Well-Known Member
If I was botch, I'd sit home and collect my money.Gravey":1qk20wbc said:
I can't see anyone really wanting him the way things ended for him in Knoxville. I'm starting to believe he's a real azzhat of a person AND coach if reports are true.
Mudbone":8fvlbxde said:
There are terms in his contract where he has to look for another job. If he doesn't he is breaking the contract and UT doesn't have to pay him
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ImThere
Well-Known Member
I wish they would hire and fire me!!! If I was Butch I would be looking at NFL jobs until 2021. Put that money to work and slip off into retirement!
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BamaProud
Well-Known Member
He should have been fired a month ago.
PillsburyDoughboy
Well-Known Member
Butch Jones Termination agreement http://wate.com/
http://wate.com/2017/11/12/read-john-cu ... tch-jones/
Dear Coach Jones,
As we discussed this morning, the University of Tennessee is exercising its right to terminate your employment and your Employment Agreement, as amended by Amendment 1 fully executed on December 10, 2014 and Amendment 2 fully executed on December 15, 2015 (collectively the "Agreement"), without cause pursuant to Article III, Section 3.1 of the Agreement. The effective date of the termination of the Agreement and your employment is November 12, 2017 by the end of Friday, November 17, 2017, you must complete the University's standard exit procedures, including return of all University property (keys, University IDs, computers, credit cards, calling cards, courtesy cars and any other university property in your possession).
In accordance with Section 3.1.1 of the Agreement, the University will pay you liquidated damages in the amount of Eight Million Two Hundred Fifty Seven Thousand Five Hundred Eighty Dollars and Zero Cents ($8,257,580.00), subject to all applicable state and federal tax and withholding requirements. The liquidated damages will be paid in monthly installments until February 28, 2021. The first payment will be paid on or before November 30, 2017.
Please note your obligations under Section 3.1.4 of the Agreement, including without limitation your obligation to use your reasonable best efforts to mitigate the University's obligation to pay liquidated damages by making reasonable and diligent efforts as soon as praticable following termination to obtain another comparable employment or paid services position.
Nothing contained in this letter or omitted from this letter shall be construed as an admission or waiver of the University's rights or remedies under the Agreement, all of which are expressly reserved.
Coach Jones, we wish you well in your future endeavors.
Sincerely,
John Currie
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http://wate.com/2017/11/12/read-john-cu ... tch-jones/
Dear Coach Jones,
As we discussed this morning, the University of Tennessee is exercising its right to terminate your employment and your Employment Agreement, as amended by Amendment 1 fully executed on December 10, 2014 and Amendment 2 fully executed on December 15, 2015 (collectively the "Agreement"), without cause pursuant to Article III, Section 3.1 of the Agreement. The effective date of the termination of the Agreement and your employment is November 12, 2017 by the end of Friday, November 17, 2017, you must complete the University's standard exit procedures, including return of all University property (keys, University IDs, computers, credit cards, calling cards, courtesy cars and any other university property in your possession).
In accordance with Section 3.1.1 of the Agreement, the University will pay you liquidated damages in the amount of Eight Million Two Hundred Fifty Seven Thousand Five Hundred Eighty Dollars and Zero Cents ($8,257,580.00), subject to all applicable state and federal tax and withholding requirements. The liquidated damages will be paid in monthly installments until February 28, 2021. The first payment will be paid on or before November 30, 2017.
Please note your obligations under Section 3.1.4 of the Agreement, including without limitation your obligation to use your reasonable best efforts to mitigate the University's obligation to pay liquidated damages by making reasonable and diligent efforts as soon as praticable following termination to obtain another comparable employment or paid services position.
Nothing contained in this letter or omitted from this letter shall be construed as an admission or waiver of the University's rights or remedies under the Agreement, all of which are expressly reserved.
Coach Jones, we wish you well in your future endeavors.
Sincerely,
John Currie
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